The Golden Arches Just Supersized Its New HQ Lease

A rendering of McDonald's new HQ in Chicago's West Loop.
Courtesy of Gensler
A Rendering Of Mcdonald's Headquarters In West Loop.

McDonald's highly anticipated HQ move from Oak Brook to the West Loop made more headlines yesterday with news that the hamburger giant expanded its footprint in the $250M, nine-story property Sterling Bay is building on the former Harpo Studios campus.

McDonald's originally signed a 15-year, 390k SF lease. Now, it's expected to occupy 500k SF, according to Crain's. That expanded footprint includes all of the project's office space and an unspecified amount of ground-level retail. McDonald's is expected to move to the West Loop in 2018.

In other McDonald's-related news, the company hired CBRE's Todd Lippman to market its Oak Brook campus to buyers in what will almost certainly be a value-add opportunity. [Crain's]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

Years Later, Millions In Chicago Housing Projects Remain Unbuilt

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M

Downtown Los Angeles Retail, Office Hub The Bloc Up For Sale

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Interest Rate Hike Douses Outlook For Atlanta Developers

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Why Hospitals Must Be Designed For Talent Retention

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago